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Crypto exchanges are integral to the structure of the cryptocurrency market, facilitating users to buy, sell, and trade digital assets.

Crypto exchanges come in two primary forms: centralized and decentralized platforms.
Centralized exchanges (CEXs) are managed by companies, offering ease of use for traders.
However, they require users to trust the platform, which introduces potential security concerns.
On the other hand, decentralized exchanges (DEXs) offer a trustless, peer-to-peer trading environment. Built on blockchain protocols and utilizing smart contracts, DEXs prioritize user control but may challenge beginners due to technical interfaces.

Choosing a crypto exchange requires considering various factors. Knowledge of both types assists in effective trading.

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